Peter Schiff on CNN: China More Capitalist Than America

[juliaisafilmbuff123]

China is more capitalist than the US, hence why workers in China are rioting.

[zealot8964]

China uses a mentality of "Make money, make friends" diplomacy towards other country such as Iraq, iran and some west africa countries. They invest and create jobs in those countries in exchange of natural resource. They gave them wealth instead of warfare. US is doing the opposite, and that's why they got nothing in return.

[fdoca]

China's eco power. and meaning of continuios growth power..

China in fact already #1 economic surpassed z USA today, u need to see the nation's balance sheet,

USA has nagative 78.8 trillion in debt, in fact, at hyperinflation cliff stage, worst ,an economic insulvency status

China has 3.3 trillion in positve reserve in forighn currency,GDP is 5 trillion

IMF reports China GDP will be 123 trillion in 2025 that is closed to global combined GDP closed to double at 87 trillion

[ffmarkm]

I love her.



[jabrown45100]

unclear on the first sentence below, we are seeing it as worse(via fragmented) in some foreign countries than it really is. Its not that bad on average over there-nobody is always breathing over your shoulder as soon as you leave the door of your home.

[jabrown45100]

the govt driven news media distorts the good opportunities and a decent life in good foreign countries. Dont be fooled when you think you're getting the best of both worlds here. Aside from the complexities, basically the sacrifice for free enterprise is subsidized in everything-but with long lines and vise versa. Where (guess who) we are getting the worst of both worlds. Even if the requirements are wrong or unethical, but not followed face heavy consequences. (scare tactics are a by-product)

[watup2154]

Sarcastic Voice tone of Peter Schif

Capitalist are definitely working on Opium Smuggling into china ---

YOU NEED PEOPLE not military weapons on your side to win against foreign enemy --

& after decades of abuses on slave labor + great divide in China among Rich & Poor --- China is infact much weaker today than in 1976 ---

ideological borders make any country strong --- & china has lost its ideology of Socialism that means equality for all and very very little divide among Rich & Poor

[watup2154]

Stupid China is seduced by Capitalist - 2 think Capitalism has made china Economy great

USA + EU are the worst capitalist countries - Y they are falling --- Capitalism is History

China's Economic success was due to its Labor's Sacrifice and Hard work --- 4 most productivity in lowest cost

NOW --- U can deceive slave Labor 4 only so long --

As a Bonus US + EU are in full gear to smuggle Opium into China so that they dont have to pay back Trillions of dollar loan + steal china's money

[watup2154]

China has become the WORST CAPITALIST country on the Face of the planet ---

doing all this UNDER the cover of Socialism + Chairman Mao Zhe Dong's message & Revolution ----

infact -- Evil Capitalism -- is so Evil in China ---- most expensive things of the world -

@ the same time 95% of people in china are living below poverty line + Slave Labor --

@ the same time they are giving Trillions of dollar to US + Europe @ the expense of China's 95% Slave People

All under the cover of Socialism

[TheHeavenlyAssassin]

@watup2154 95% of china under proverty line? did u pull that out of your As? the average income in china last year was US 7800 and that is enough for most people since china's cost of living is much lower. there are like 4% of china that's in proverty. Not the other way around

[BrandorT]

smokin blonde

[PenguinProseMedia]

Just uploaded Bernanke's Press Briefing, the full 50 min. Check it out....

[MrArtrigor]

More printed dollars coming..$600 billion announced today April 26..Thanks to FED's Bernanke..Schiff makes more sense....

[MrArtrigor]

@3:36 $10 to $20 a gallon(not barrel) of gas...Time to tune up our bicycles....

[impaleddead]

humm...now they're listening to Schiff?

[EMPIRE0FLIES]

"Truth is treason in the empire of lies"  Let the games begin.

Ron Paul my President.

[ervin920]

@EMPIRE0FLIES you know how in 2008, obama's slogan was "change"? well is it too late to change? obama says to raise dept to 17 TRILLION! america is digging a hole that may be too deep to climb out of. ron paul will have the same obsticals to over come as obama. what can he do?

[EMPIRE0FLIES]

@ervin920 Gold and silver to compete with the Federal Reserves money printing. Bring the troops home. That would have a significant psychological effect on the markets and on the world since we are the reserve currency. Even if we stop printing money and end the Fed, gold will be worth 1/1900 of an ounce which would be a absolute number. Keep the FBI. Eliminate the CIA and their evildoings. Then start throwing banksters in jail would be my suggestion.

[ervin920]

@EMPIRE0FLIES haha very nice answers

[Panpiper]

Figured that out four years ago? I'm sure Peter knew long before four years ago. He maybe said so to the media four years ago.

As soon as it was apparent that China was growing by ten percent a year, and they've been doing that for thirty years, it was perfectly obvious that they would overtake and surpass the US. It is 'extremely' basic math. Anyone who couldn't see that is frankly, an economic imbecile.

[Panpiper]

@Panpiper Oh, and the way that growth is calculated, GDP using 'dollars' whose value can be altered by fiat, government accountants playing footloose with figures, I would not put much weight on such GDP numbers. A better indicator of total economic activity that GDP is energy use. In china they are 'more' efficient with energy, people ration it carefully. In terms of energy use, China is already bigger than the US, so by 'real' measurement, their economic activity is greater.

[Panpiper]

@Panpiper Gotta learn to proofread before hitting 'post'.

[petroscans]

I've been considering sharing a clip of Peter with my peers on a local County Council. I am the only member of 7 that is talking about the looming Federal Crisis. This clip might be the perfect Schiff sound byte.

[Fermion5]

Schiff tells it like it is. The people watching must have pissed their pants.

[geraldcaron]

@Fermion5 Well, people should only piss their pants if they expect to receive free stuff in the future. Those who should be scared are all those getting a cheque from the government, and the rich people sitting on piles of US dollars, But if you have skills, willingness to adapt and some means to support yourself, you can sit down and relaxe knowing that your future is bright ahead.